Nagreeka Exports Converts 3,13,000 Equity Warrants

Nagreeka Exports Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2007, has allotted 3,13,000 Equity Shares of Rs 5/- each to Mr. Sunil Patwari, Managing Director of the Company, following conversion of 3,13,000 Equity Shares Warrants.

The Company has further announced that his total shareholding in the Company, after the above allotment, stands at 7,12,000 Equity shares, which constitute 5.69% of the total paid up capital of the company.

The stock closed the day at Rs.40.25, down by Rs.1.10 or 2.66%. The stock hit an intraday high of Rs.48 and low of Rs.40.05. The total traded quantity was 13813 compared to 2 week average of 20523.

Source : Equity Bulls

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